Originally Posted by
Frank W. Abagnale
I would be extremely careful with that statement.
Depending on where you might get an alternative job, your home country for example, factor in, if applicable:
- A government pension system with monthly payouts during retirement (priceless in times of indefinite low interest rates)
- A company pension system with monthly payouts during retirement (priceless in times of indefinite low interest rates)
- Better, cheaper and/or even free healthcare system, to which you might have access to until you die (the day you leave Cathay you and your family will lose healthcare insurance)
- Better, cheaper and/or even free education system (500.000+ HK$ debenture per child in HK)
- Affordability of property (rent and purchase) and the associated higher quality of life for yourself, your wife and kids, living in a bigger place and in a much healthier environment compared to HK
- Living with wife and kids in a healthy environment in unpolluted air (and avoiding the associated medical cost of living in polluted air like in HK eventually)
- Cheaper, better and healthier food
- Cheaper commuting cost to see friends and relatives (2 ID90 tickets Business Class for a return trip from HK to the UK cost 6000 HK$ for one person)
- Avoiding the risk of living in an unstable city (protests, uncertain outcome) and the associated risk of starting somewhere else from scratch at the lowest pay scale worst case
- Probably a few more reasons.
Exactly correct!!! You can’t even compare living in HK to doing so in a proper Western country. Why do you think all the A and B scalers chase off to bases? Even when they have housing in HK!!! On paper, yes, CoS18 has competitive wages. Standard of living? Not even close. HK is a Chinese city with a unique history and people. Other than that, nothing special these days, except extreme costs of living and pollution.